Fed Official Calls for Bond Buying

By

Jon Hilsenrath

Updated Aug. 7, 2012 11:43 a.m. ET

Eric Rosengren, president of the Federal Reserve Bank of Boston, called on the Fed to launch an aggressive, open-ended bond buying program that the central bank would continue until economic growth picks up and unemployment starts falling again.

His call came in an interview with The Wall Street Journal, the first since the central bank signaled last week that it was leaning strongly toward taking new measures to support economic...